VIRGINIA RETIREMENT SYSTEMS ET Al Has $539,000 Position in Hillenbrand Inc $HI

VIRGINIA RETIREMENT SYSTEMS ET Al lessened its stake in shares of Hillenbrand Inc (NYSE:HI) by 46.6% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 19,949 shares of the company’s stock after selling 17,400 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Hillenbrand were worth $539,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Osaic Holdings Inc. boosted its holdings in shares of Hillenbrand by 74.0% during the second quarter. Osaic Holdings Inc. now owns 1,965 shares of the company’s stock worth $40,000 after acquiring an additional 836 shares during the period. Public Employees Retirement System of Ohio lifted its holdings in Hillenbrand by 29.0% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,432 shares of the company’s stock worth $49,000 after purchasing an additional 547 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in Hillenbrand by 622.7% in the 1st quarter. Jones Financial Companies Lllp now owns 3,729 shares of the company’s stock valued at $90,000 after purchasing an additional 3,213 shares during the period. BNP Paribas Financial Markets grew its holdings in Hillenbrand by 47.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 7,155 shares of the company’s stock valued at $144,000 after buying an additional 2,315 shares in the last quarter. Finally, MGO One Seven LLC bought a new position in Hillenbrand during the 2nd quarter worth $202,000. 89.09% of the stock is owned by institutional investors.

Hillenbrand Trading Up 0.2%

HI opened at $31.80 on Tuesday. The stock has a market capitalization of $2.24 billion, a price-to-earnings ratio of 52.12 and a beta of 1.38. The company has a quick ratio of 0.88, a current ratio of 1.22 and a debt-to-equity ratio of 1.05. Hillenbrand Inc has a twelve month low of $18.36 and a twelve month high of $35.59. The company has a 50-day simple moving average of $31.71 and a 200 day simple moving average of $26.91.

Hillenbrand (NYSE:HI) last issued its earnings results on Wednesday, November 19th. The company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.62 by $0.21. The company had revenue of $652.10 million during the quarter, compared to analysts’ expectations of $592.25 million. Hillenbrand had a net margin of 1.61% and a return on equity of 12.69%. The business’s revenue for the quarter was down 22.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.01 EPS. Analysts predict that Hillenbrand Inc will post 2.53 EPS for the current fiscal year.

Hillenbrand Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th were issued a $0.2275 dividend. The ex-dividend date of this dividend was Tuesday, December 16th. This represents a $0.91 dividend on an annualized basis and a dividend yield of 2.9%. This is a boost from Hillenbrand’s previous quarterly dividend of $0.23. Hillenbrand’s dividend payout ratio (DPR) is 149.18%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Hillenbrand in a research report on Monday, December 29th. CJS Securities reiterated a “market perform” rating and issued a $32.00 price objective on shares of Hillenbrand in a research note on Thursday, October 16th. Zacks Research downgraded shares of Hillenbrand from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 8th. Finally, DA Davidson reaffirmed a “neutral” rating and set a $32.00 target price on shares of Hillenbrand in a report on Thursday, November 20th. Five research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $32.00.

About Hillenbrand

Hillenbrand, Inc, headquartered in Batesville, Indiana, is a global industrial company specializing in engineered equipment and process solutions. Through its Coperion division, Hillenbrand designs and manufactures compounding and extrusion systems, polymer and food processing equipment, bulk material handling technologies and associated automation. These offerings support a variety of end markets, including plastics, chemicals, food, pharmaceutical and minerals, helping customers optimize production efficiency and product quality.

Tracing its roots to the Batesville Casket Company founded in 1906, the organization evolved through strategic acquisitions and expanded its focus on process technologies.